LVMH CFO “reasonably hopeful” over US Cognac outlook
The Hennessy Cognac owner booked a 16% fall in organic sales from its Cognac and spirits business.
17 April 2024
17 April 2024
The Hennessy Cognac owner booked a 16% fall in organic sales from its Cognac and spirits business.
Nigerian Breweries, in which Heineken owns a majority stake, ran up a loss of N106bn ($93m) in 2023.
As part of the deal, Gallo will become the brand’s US importer.
Under the plans, the use of a range of sweeteners in beverages, including aspartame and sucralose, will be taxed.
The company acquired Strathearn Distillery in 2019 and has plans to expand its whisky range.
Founder Zoey Henderson said she was open to talking to “interested parties” about acquiring the brand.
Peter Cowgill first backed Applied Nutrition when he was in charge of JD Sports and the retail chain took a stake of just under a third in 2021.
Conn Creek, established in 1973 by Bill and Kathy Collins, is a Napa Valley-based winery that Ste. Michelle Wine Estates acquired in 1986.
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